Flambo@lemmy.worldtoTechnology@lemmy.world•Meta wants to charge EU users $14 a month if they don't agree to personalized ads on Facebook and InstagramEnglish
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1 year agoIt’s just that, living in that moment, it appears that these companies are so unbelievably large and powerful that they could never be unseated
It’s also that the U.S. has shown repeatedly that it’ll prop up companies with ongoing subsidies, or even bail them out as in the 2008 crisis.
This is the result of competition. When success is measured relative to others, it’s forever a moving target. Under this definition of success, self improvement is equally effective as sabotaging another. And as we can see, it’s not just businesses sabotaging one another. If a business can get away with sabotaging its own consumers, as it can in the case of a monopoly, a cartel, or regulatory capture, it will.